Many V.C. firms Struggle to attract new capital In the IPO environment, money had to be borrowed from its own backers.
But established, brand-name companies are still able to raise large amounts of money.
On Friday, Kleiner Perkins announced it closed at more than 1,000 shares. $2 billion in new capital In two funds, marginal growth compared to the 52-year-old firm $1.8 billion Previous The funds will be raised in early 2022.
Other major firms that have successfully weathered the slowdown in VC fundraising this year include Andreessen Horowitz, which $7.2 billion for several of its funds; General Catalyst, which is reportedly about to raise a $6 billion fund; and Norwest, for its $3 billion in capital raised,
Kleiner Perkins said in a blog post that it will continue to invest in enterprise software, consumer, healthcare, fintech and hardtech startups, as it did for its previous fund. But what has changed is the opportunity to make these industries more efficient with the help of AI.
The firm has already backed some high-profile AI-powered startups, including business application search tool Glean and AI assistant for lawyers Harvey. However, compared to other big VC firms, Kleiner Perkins’ investments in major AI companies remain modest.
Kleiner Perkins, founded in 1972, was once considered one of Silicon Valley’s best firms. It was an early backer of companies such as Amazon, Compaq Computer, Genentech, Netscape and Sun Microsystems. Although the firm lost some of its prominence in the last tech boom, it still invested in several eventual winners, including Airbnb, Instacart, Slack and Robinhood.
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